Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
Nov - 2025 -
17 November
Todd Maiden

Judge Oks Yellow Corp.’s final liquidation plan

A final plan for distributing bankrupt Yellow Corp.’s remaining assets, valued at over $600 million, received approval on Monday.

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14 November
Todd Maiden

Warehouse demand at coastal gateways to return in 2026

Warehouse operator Prologis sees demand for coastal logistics facilities hitting a three-year high in 2026.

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13 November
Todd Maiden

October freight shipments plunge, Cass data shows

Freight shipment declines widened in October, Thursday data from Cass Information Systems showed.

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12 November
Todd Maiden

BlueGrace acquires Michigan-based 3PL

Third-party logistics provider BlueGrace announced it has acquired Michigan-based peer STB Freight Group.

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11 November
Todd Maiden

Werner says ‘no retreat’ possible in dedicated fleet size

Werner Enterprises said it’s holding the line on dedicated capacity as the industry awaits a turn in the cycle.

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10 November
Todd Maiden

Radiant Logistics navigating downside of freight cycle

Radiant Logistics outlined incremental revenue opportunities on a Monday quarterly call as its Navegate platform is expected to see wider customer adoption.

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07 November
Todd Maiden

Intermodal asset impairment sinks Universal Logistics’ Q3

Universal Logistics Holdings reported a large headline net loss for the third quarter.

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06 November
Todd Maiden

LRT Group acquires specialized LTL carrier XGS

Specialized less-than-truckload carrier XGS has been acquired by LRT Group.

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Todd Maiden

Yellow’s $137M-plus lawsuit against Teamsters revived

Yellow Corp.’s breach-of-contract lawsuit against the International Brotherhood of Teamsters has been reinstated by a federal appeals court.

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05 November
Todd Maiden

Forward Air says strategic review, potential sale still on track

Management at Forward Air announced on Wednesday, in conjunction with its quarterly report, that a strategic review, which could include the sale of the company, remains ongoing.

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Todd Maiden

ArcBest flags margin pressure in Q4

ArcBest flagged margin concerns heading into the seasonally weakest part of the year.

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Todd Maiden

Lineage trims full-year outlook on tariff overhang

Cold storage warehouse operator Lineage modestly cut its full-year 2025 outlook on Wednesday as high food prices weigh on customer inventories.

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Todd Maiden

ArcBest beats in Q3, warns of Q4 margin hit

ArcBest beat expectations for the third quarter but flagged significant margin deterioration in its asset-based unit in the fourth quarter.

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04 November
Todd Maiden

Prologis says Q3 marked ‘inflection’ for logistics real estate market

Warehouse operator Prologis said the logistics real estate market has turned the corner.

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Todd Maiden

October LMI shows price increases outpacing capacity growth

Supply chain executives are bracing for higher transportation prices, according to a monthly sentiment survey.

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Oct - 2025 -
31 October
Todd Maiden

IPS announces addition of J&R Schugel

Employee-owned companies Interstate Personnel Services and J&R Schugel agree to join forces.

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Todd Maiden

Heartland Express books another loss in Q3

Heartland Express saw some sequential improvement in operations in the third quarter but said truckload market fundamentals won’t improve until next year.

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30 October
Todd Maiden

XPO defies weak LTL demand with margin gains

XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.

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Todd Maiden

Saia’s margins slip as LTLs await rebound

Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.

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Todd Maiden

Schneider’s tough Q3 unlikely remembered if TL capacity resets

Shares of Schneider National sank on Thursday after it missed third-quarter expectations and lowered its full-year 2025 outlook.

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Todd Maiden

First look: XPO Q3 earnings

XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.

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29 October
Todd Maiden

Old Dominion leaning on cost controls, yield management amid tonnage declines

Old Dominion Freight Line remains focused on yield management and controlling costs as it awaits a reprieve from tonnage declines.

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Todd Maiden

First look: Old Dominion Q3 earnings

Belt tightening and higher yields helped Old Dominion Freight Line limit margin degradation in the third quarter.

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28 October
Todd Maiden

Pamt Corp. books another loss in Q3

Truckload carrier Pamt Corp. booked its fourth consecutive net loss in the third quarter.

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Todd Maiden

Flatbed trends buttress Landstar amid dry van slump

Truckload broker Landstar System called out some positive catalysts on its third-quarter call with analysts on Tuesday.

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24 October
Todd Maiden

ArcBest headlines latest buyers of Yellow terminals

Yellow Corp. has entered agreements to sell four terminals for $6.1 million as its liquidation process nears its end.

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23 October
Todd Maiden

USA Truck goes back on the market

DSV announced it will sell USA Truck, an Arkansas-based truckload carrier, as it does not align with the Danish freight forwarder’s asset-light business model.

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22 October
Todd Maiden

Knight-Swift logs another tough quarter on road to recovery

Knight-Swift Transportation’s third-quarter results and fourth-quarter outlook came in light of expectations on Wednesday.

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20 October
Todd Maiden

No deal for Forward Air sends shares lower

Forward Air’s stock fell sharply on Monday following a report that it hasn’t yet received a satisfactory takeover offer.

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Todd Maiden

LTLs hold pricing line; Old Dominion announces 4.9% GRI

Old Dominion Freight Line is the latest less-than-truckload carrier to implement a general rate increase ahead of schedule.

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15 October
Todd Maiden

J.B. Hunt’s belt tightening yields big Q3 beat

Cost reductions at J.B. Hunt more than offset a soft demand environment in the third quarter.

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Todd Maiden

J.B. Hunt’s shares jump 12% on Q3 earnings beat

Shares of J.B. Hunt surged in after-hours trading on Wednesday after the company posted better-than-expected third-quarter results.

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Todd Maiden

Prologis sees warehouse market nearing upcycle

Prologis sees signs that the logistics warehouse market is tightening, with the potential for rents to see outsized growth in the next upcycle.

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Todd Maiden

First look: Prologis sees ‘record leasing’ activity in Q3

Logistics real estate investment trust Prologis beat third-quarter consensus expectations amid “record leasing” activity.

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14 October
Todd Maiden

LTL pricing index hits new high in Q3

Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.

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Todd Maiden

Cass reports ‘TL bounce,’ recovery timeline still uncertain

The truckload market took share for a second straight month in September, but overall freight fundamentals remain weak, according to a report from Cass Information Systems.

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09 October
Todd Maiden

Startup CoPilot acquires century-old 3PL Mallory Alexander

Industry veteran-led startup CoPilot announced its initial acquisition as it works toward establishing a global logistics platform.

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08 October
Todd Maiden

Ikea acquires US logistics tech platform to improve home delivery

Home goods retailer Ikea has acquired U.S.-based logistics technology company Locus to improve its final-mile delivery network.

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07 October
Todd Maiden

ATS Logistics to acquire Trailer Bridge’s brokerage unit

Third-party logistics provider ATS Logistics Services has agreed to acquire the brokerage operations of Trailer Bridge.

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Todd Maiden

Transportation capacity grew faster than pricing again in September

The September Logistics Managers’ Index signaled a negative freight inversion for the second month in a row.

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Todd Maiden

Survey reveals top LTL carriers for 2025

Old Dominion Freight Line was named as the top national carrier for a 16th straight year by Mastio & Co.

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06 October
Todd Maiden

Morgan Stanley cuts TL, LTL earnings outlook

Morgan Stanley lowered earnings expectations for publicly traded truckload and less-than-truckload carriers on Monday.

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Todd Maiden

FedEx Freight rounds out leadership roster, names new CFO

FedEx Corp. has completed the formation of the leadership team for a standalone FedEx Freight.

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02 October
Todd Maiden

Trimac acquires Houston-based chemical hauler

Trimac Transportation announced it has acquired Houston-based chemical hauler Service Transport Company.

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01 October
Todd Maiden

Expedited carriers C&M Transport, Barrett Directline to merge

Expedited carriers C&M Transport and Barrett Directline have entered a merger agreement.

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Sep - 2025 -
30 September
Todd Maiden

Paschall Truck Lines parent in talks to acquire J&R Schugel

Paschall Truck Lines’ parent Interstate Personnel Services is looking to add temperature-controlled capabilities to its network with the acquisition of J&R Schugel.

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29 September
Todd Maiden

Rose Rocket adds email-reading tech through acquisition

Rose Rocket announced Monday that it has acquired Toronto-based technology provider Centro.

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Todd Maiden

Energy crisis looms for US warehouses

AI adoption and data center buildouts have warehouse tenants fretting over energy infrastructure.

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25 September
Todd Maiden

Contract logistics provider TIG acquires PDM

Supply chain services provider TIG has agreed to acquire food-grade logistics provider PDM.

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24 September
Todd Maiden

Truckload earnings estimates cut heading into Q3 reports

Susquehanna analyst Bascome Majors cut earnings forecasts on truckload carriers for the rest of the year as fundamentals remain soft and peak-season expectations are subdued.

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22 September
Todd Maiden

Dayton Freight relocates, expands Illinois terminal

Less-than-truckload carrier Dayton Freight Lines announced it has doubled capacity at a terminal serving the Salem, Illinois market.

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18 September
Todd Maiden

FedEx Freight spinoff on track for June 2026

FedEx Freight’s spinoff is on track to be completed by June of next year.

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17 September
Todd Maiden

Freight shipments fall faster in August

The Cass Freight Index showed year-over-year shipment declines widened in August.

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Todd Maiden

Yellow Corp. loses pension claims appeal

Yellow Corp. lost an appeal to circumvent the 2021 pension bailout regulations used to calculate its withdrawal liabilities.

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16 September
Todd Maiden

BWT Logistics acquires contract logistics peer RAZR Logistics

BWT Logistics has acquired RAZR Logistics, adding on-demand warehousing to its services.

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Todd Maiden

Yellow Corp. sells Baltimore terminal for $4.7M

Yellow Corp. has reached a deal to sell a Baltimore terminal, leaving only 11 locations remaining for sale.

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15 September
Todd Maiden

Radiant Logistics beats expectations to close fiscal 2025

Radiant Logistics’ fiscal fourth quarter results came in ahead of analysts’ expectations.

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12 September
Todd Maiden

Werner sees market inching closer to recovery

Truckload carrier Werner Enterprises said it’s seeing “positive momentum” in its dedicated and logistics businesses at an investor conference this week.

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09 September
Todd Maiden

ArcBest cuts Q3 margin outlook due to soft demand, higher costs

ArcBest lowered third-quarter margin expectations for its asset-based unit, which includes less-than-truckload operations.

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08 September
Todd Maiden

FitzMark acquires fellow Indianapolis-based 3PL

Freight broker FitzMark announced it has acquired Hometown Logistics.

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Todd Maiden

Dayton Freight expands terminal network further east

Less-than-truckload carrier Dayton Freight reaches further east with its latest terminal opening.

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05 September
Todd Maiden

Logistics Plus acquires Chicago broker LoadDelivered Logistics

Logistics Plus announced the acquisition of Chicago-based freight brokerage LoadDelivered Logistics.

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Todd Maiden

Saia, LTL carriers still waiting for cycle turn

Less-than-truckload carrier Saia saw tonnage move back into negative territory in August as the manufacturing complex nears a third full year of contraction.

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04 September
Todd Maiden

Old Dominion sees tonnage slide further in August

Old Dominion Freight Line reported Thursday that tonnage declines accelerated in August.

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03 September
Todd Maiden

Descartes says trade uncertainty impacting customer decisions

Descartes missed fiscal second-quarter expectations Wednesday after the market closed.

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Todd Maiden

XPO sees tonnage declines ease in August

Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.

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02 September
Todd Maiden

Radiant Logistics buys majority stake in Mexican transportation company

Radiant Logistics announced it has taken an 80% stake in Weport, a Mexico-based transportation and logistics provider.

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Todd Maiden

Transportation metrics sour in August

Sentiment among supply chain managers regarding transportation capacity and pricing signaled a cooling freight market in August.

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Aug - 2025 -
29 August
Todd Maiden

BravoTran ups invoicing capabilities with Keystroke.io acquisition

Payables automation platform BravoTran announced the addition of receivables capabilities with the acquisition of Keystroke.io.

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28 August
Todd Maiden

Stonepeak buys Fort Worth logistics properties

Infrastructure investment firm Stonepeak has acquired two logistics centers in Fort Worth, Texas.

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26 August
Todd Maiden

Prologis, EV Realty tackle California’s fragmented truck charging network

Prologis Mobility and EV Realty are collaborating to increase electric truck charging capabilities across California.

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21 August
Todd Maiden

J.B. Hunt taps Brad Delco as next CFO

J.B. Hunt Transport Services promotes Brad Delco to chief financial officer.

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Todd Maiden

Lineage expands capabilities at Port of New Orleans

Cold storage provider Lineage announced Thursday that its facility at the Port of New Orleans now offers bonded warehouse space in addition to USDA inspections.

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20 August
Todd Maiden

The Pasha Group acquires Pacific Northwest transloading assets

The Pasha Group announced it has expanded service at the ports of Seattle and Tacoma by acquiring the transloading assets of MacMillan-Piper and Tacoma Transload.

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19 August
Todd Maiden

Randy Marten returns as Marten Transport CEO

Marten Transport announced Tuesday that CEO Tim Kohl is retiring at the end of September and will be replaced by Executive Chairman Randy Marten.

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18 August
Todd Maiden

Second round of Forward Air takeover bids expected in September, report says

A second round of buyout bids for Forward Air are due next month, according to an M&A blog.

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15 August
Todd Maiden

3PLs dominating warehouse leasing market

Two top industrial real estate firms issued reports this week showing a spike in leasing activity among 3PLs as uncertainty around global trade policy lingers.

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Todd Maiden

Yellow Corp. to sell Ontario terminal, 2 others for $16M

Yellow Corp. has asked a federal bankruptcy court to approve the sale of three terminals valued at $16 million.

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14 August
Todd Maiden

Freight shipment decline streak extends to 30 months, Cass says

Freight shipment declines accelerated in July but costs again stepped higher, according to a monthly report from Cass Information Systems.

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13 August
Todd Maiden

Landstar says $3.4M jury verdict, other charges to weigh on Q3

Truck broker Landstar System disclosed the outcome from a Texas jury trial on Wednesday and outlined other likely charges it faces in the third quarter.

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12 August
Todd Maiden

Americold opens $100M food hub in Kansas City

Temperature-controlled warehouse operator Americold announced it has opened a $100-million-plus import-export hub in Kansas City, Missouri.

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Todd Maiden

Lazer Logistics expands with Chicago, Dallas-Fort Worth acquisitions

Yard management provider Lazer Logistics announced the acquisition of three companies that provide trailer leasing, yard spotting and shuttling services.

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11 August
Todd Maiden

Echo Global Logistics buys fellow 3PL FreightSaver

Echo Global Logistics announced it has acquired Huntington Beach, California-based 3PL FreightSaver for an undisclosed sum.

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Todd Maiden

Forward Air posts Q2 EBITDA beat; investors waiting to see if company will be sold

Forward Air’s second quarter came in slightly ahead of analysts’ EBITDA expectations as investors await an update on a strategic review process that could result in the company changing hands.

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06 August
Todd Maiden

Trimac expands flatbed offering with Searcy Trucking acquisition

Trimac adds to its specialized and flat deck offerings with the acquisition of Searcy Trucking.

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Todd Maiden

GXO encouraged by pre-peak season activity, well positioned for 2026

GXO Logistics’ large committed revenue book along with a healthy pipeline of opportunities position it well for an upcoming change in executive leadership.

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Todd Maiden

Lineage says high food prices weighing on warehouse occupancy

Cold storage warehouse operator Lineage Inc. lowered its 2025 outlook on Wednesday as high food costs are constraining customer inventories.

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05 August
Todd Maiden

First look: GXO Q2 earnings

GXO Logistics announced better-than-expected results for the second quarter and raised its full-year outlook on Tuesday.

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Todd Maiden

Freight market’s ‘holding pattern’ continues in July

An anemic freight recovery carried through July, according to a monthly query of supply chain managers.

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04 August
Todd Maiden

Beleaguered TL carrier Pamt Corp. names new CEO

Pamt Corp. announced on Monday that its Chief Financial Officer Lance Stewart is taking over as president and CEO.

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Todd Maiden

Prologis sees narrow window before warehouse rents increase

Logistics warehouse operator Prologis noted tightening in key metrics during the second quarter.

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Todd Maiden

Descartes buys e-commerce inventory management platform for $40M

Global supply chain SaaS provider Descartes announced on Monday that it has acquired cloud-based inventory management company Finale Inventory for $40 million.

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Jul - 2025 -
31 July
Todd Maiden

XPO sees ‘massive runway’ to push margins higher

Less-than-truckload carrier XPO sees “a massive runway ahead” for its self-help initiatives even if the broader economy doesn’t cooperate.

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Todd Maiden

Schneider National delays stance on railroad merger until more details emerge

Schneider National said Thursday it needs more information before weighing in on the potential fallout from a Union Pacific–Norfolk Southern merger.

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Todd Maiden

First look: XPO Q2 earnings

Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.

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30 July
Todd Maiden

ArcBest’s efficiency initiatives helping offset soft demand

Transportation and logistics provider ArcBest is relying on cost and efficiency initiatives to get through the downturn.

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Todd Maiden

Old Dominion not changing course as downturn lingers

Less-than-truckload carrier Old Dominion Freight Line is sticking with its playbook as the freight downturn enters a fourth year.

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